Revenues, in a Proprietorship, Are

question 86

Multiple Choice

Revenues, in a proprietorship, are

• A) the cost of assets consumed during the period.
• B) the gross increases in owner's equity resulting from business activities.
• C) the cost of services used during the period.
• D) actual or expected cash outflows.

---

Definitions:

Quality Standards

Set guidelines and criteria established to ensure that products, services, and processes meet specific requirements and are reliable, safe, and efficient.

Service Provider

A company or an individual that offers services to consumers or other businesses, ranging from telecommunications and internet services to health care and transportation.